Interview

Coming: a New Nifty Fifty

Interview with Joseph McNay, Chairman,
Essex Investment Management

ASTONISHING. THAT'S ABOUT THE BEST WAY to describe the performance of this legendary growth-stock investor's picks in the 16 months since they appeared in these pages, on July 19, 2004. (See tables, McNay's Current Picks and Past Selections.) But such performance should come as no surprise. As founder and chairman of Boston-based Essex Investment Management, with $4.4 billion under management, McNay has made it a practice to astonish on the investment front. By making big bets on emerging businesses and investment themes and getting them right, he's delivered outsized returns for close to two decades. Now he sees a...